BVO Immo: what changed
What changed
BVO Immo
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€20,841
2024 · €17,202+€3,640
Equity
€100,098
2024 · €79,256+€20,841
Cash
€9,216
2024 · €73+€9,143
Balance sheet total
€388,799
2024 · €404,738-€15,940
Largest movements
Assets
- Tangible fixed assets -€23,962
down €23,962 (-6.0%), from €399,550 to €375,588
- Cash +€9,143
up €9,143 (+12,451%), from €73 to €9,216
mainly Depreciation (+€23,962) and Net result for the year (+€20,841)
Equity and liabilities
- Debts after one year -€35,725
down €35,725 (-12.4%), from €288,180 to €252,455
- Reserves +€20,841
up €20,841 (+59.4%), from €35,111 to €55,952
Income statement
- Gross operating margin +€4,802
up €4,802 (+8.5%), from €56,566 to €61,368
- Taxes +€1,699
up €1,699 (+21.2%), from €8,027 to €9,726
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,202
Gross operating margin
+€4,802
Other operating charges
-€26
Financial charges
+€563
Taxes
-€1,699
Result 2025
€20,841
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,211
Investment
€0
Financing
-€35,069
Cash 2024
€73
From operations (derived)
+€44,211
Net result for the year
+€20,841
Depreciation
+€23,962
Receivables within one year
+€1,131
Smaller working-capital items
-€4
Other debts
-€1,719
Financing
-€35,069
Debts after one year
-€35,725
Current portion of long-term debt
+€656
Cash 2025
€9,216
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,738 | €388,799 | -€15,940 | -3.9% |
| Fixed assets | 21/28 | €399,550 | €375,588 | -€23,962 | -6.0% |
| Tangible fixed assets | 22/27 | €399,550 | €375,588 | -€23,962 | -6.0% |
| Land and buildings | 22 | €399,550 | €375,588 | -€23,962 | -6.0% |
| Current assets | 29/58 | €5,188 | €13,210 | +€8,022 | +155% |
| Amounts receivable within one year | 40/41 | €4,655 | €3,524 | -€1,131 | -24.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,655 | €3,524 | -€1,131 | -24.3% |
| Cash at bank and in hand | 54/58 | €73 | €9,216 | +€9,143 | +12,451% |
| Deferred charges and accrued income | 490/1 | €459 | €470 | +€11 | +2.4% |
| Total equity and liabilities | 10/49 | €404,738 | €388,799 | -€15,940 | -3.9% |
| Equity | 10/15 | €79,256 | €100,098 | +€20,841 | +26.3% |
| Contributions | 10/11 | €7,143 | €7,143 | = | 0.0% |
| Reserves | 13 | €35,111 | €55,952 | +€20,841 | +59.4% |
| Distributable reserves | 133 | €35,111 | €55,952 | +€20,841 | +59.4% |
| Profit (loss) carried forward | 14 | €37,003 | €37,003 | = | 0.0% |
| Amounts payable | 17/49 | €325,482 | €288,701 | -€36,781 | -11.3% |
| Amounts payable after more than one year | 17 | €288,180 | €252,455 | -€35,725 | -12.4% |
| Financial debts | 170/4 | €288,180 | €252,455 | -€35,725 | -12.4% |
| Amounts payable within one year | 42/48 | €37,303 | €36,246 | -€1,056 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €35,069 | €35,725 | +€656 | +1.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €334 | €341 | +€7 | +2.0% |
| Suppliers | 440/4 | €334 | €341 | +€7 | +2.0% |
| Other amounts payable | 47/48 | €1,900 | €181 | -€1,719 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,962 | €23,962 | = | 0.0% |
| Other operating charges | 640/8 | €829 | €856 | +€26 | +3.2% |
| Gross operating margin | 9900 | €56,566 | €61,368 | +€4,802 | +8.5% |
| Operating profit (loss) | 9901 | €31,775 | €36,551 | +€4,776 | +15.0% |
| Financial charges | 65/66B | €6,546 | €5,983 | -€563 | -8.6% |
| Recurring financial charges | 65 | €6,546 | €5,983 | -€563 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €25,229 | €30,567 | +€5,339 | +21.2% |
| Income taxes | 67/77 | €8,027 | €9,726 | +€1,699 | +21.2% |
| Profit (loss) for the period | 9904 | €17,202 | €20,841 | +€3,640 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,202 | €20,841 | +€3,640 | +21.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.